S&P 500 Sold All Day Without a Single Green Hour
Every bounce in the S&P 500 and Nasdaq 100 got hammered Tuesday, with at least five intraday rallies — one as big as +1.7% — all sold off. The S&P 500 didn't print one green 1-hour candle, a pattern @KobeissiLetter says traders will talk about for years.
The S&P 500 and Nasdaq 100 couldn't hold a bid on Tuesday. According to @KobeissiLetter, the session featured at least five separate intraday rallies — and every single one of them got sold into the close.
One of those bounces ran as hot as +1.7% before rolling over. For the S&P 500, the comeback attempts never even produced a single green 1-hour candlestick, a streak the account flagged as the defining detail of the day.
The takeaway isn't just that stocks slid, it's how mechanical the selling looked. Buyers stepped in repeatedly, and sellers met them every time, which is why @KobeissiLetter called the price action so consistent.
The account went further, arguing the session will be dissected and referenced for years to come — a strong claim for a single day of trading, but the unusual candlestick pattern is what gives it weight.
@KobeissiLetter's follow-through will hinge on whether the next session brings real dip-buying or another round of sellers. For now, the tape's message was simple: rallies were there to be sold.
TopicsS&P 500 · Nasdaq 100 · @KobeissiLetter
Source: x.com
Written by Paparazzi with AI. Not financial advice.